522 N Parkside Drive, Ontario, California 91764, Ontario, - bed, bath

home-pic
ACTIVE$1,420,000
522 N Parkside Drive, Ontario, California 91764
0Bed
0Bath
3,649Sqft
15,000Lot
Year Built
1965
Close
-
List price
$1.42M
Original List price
$1.42M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
HD25236838
Home ConditionFair
Features
Patio
View-

About this home

**Excellent Investment Opportunity – 4-Unit Property in Prime Ontario Location** Well-maintained and fully occupied, this 4-unit multifamily property is a rare find in the heart of Ontario. Each unit offers 2 spacious bedrooms and 1.5 bathrooms, with reliable tenants already in place—perfect for immediate income generation. Situated on a large 15,000 sq ft lot, the property features a generous front yard and private backyard area behind the units, providing ample outdoor space for tenant enjoyment. Recent upgrades include: *New concrete driveway, *Expanded parking area, *New perimeter fence, *Some units include updated interiors. Each unit includes a dedicated detached carport, plus additional driveway parking. All units are separately metered for gas and electricity—tenants pay their own utilities; owner covers water and trash. Conveniently located near the 10 Freeway, Ontario International Airport, Ontario Mills Mall, schools, parks, and major shopping centers, this property offers excellent rental demand and long-term growth potential. A solid investment offering strong current cash flow, future upside potential, and an approximate 5.6% cap rate.

Price History

Date
Event
Price
10/15/25
Listing
$1,420,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (9 Listings)
Beds00
Baths00
Square foot3,6492,152
70%
Lot Size15,0007,020
90%
Price$1.42M$818K
80%
Price per square foot$389$397
50%
Built year19659770978
80%
HOA
Days on market20201
10%
Condition Rating
Fair

The property was built in 1965, making it 59 years old. While the description mentions 'well-maintained' and 'some units include updated interiors,' the visible updates in the images primarily consist of new laminate flooring and fresh paint. The bathrooms appear functional and clean but feature basic fixtures like pedestal sinks and simple vanity lighting, suggesting a refresh rather than a full modern renovation. Crucially, there are no images of the kitchens, which typically indicates they are not a highlight and likely remain in an older, functional, but outdated condition. The presence of wall-mounted AC units further points to older systems. The property is aged but maintained, and functional for tenants, but major components and key areas like kitchens and bathrooms show signs of being outdated and would require more than minor cosmetic updates to meet current quality standards.
Pros & Cons

Pros

Strong Investment Fundamentals: This fully occupied 4-unit property with reliable tenants offers immediate income generation and a solid 5.6% cap rate, indicating robust current cash flow and significant future upside potential.
Strategic Location: The property boasts a highly desirable location with excellent connectivity to the 10 Freeway, Ontario International Airport, Ontario Mills Mall, and various amenities, ensuring high rental demand and long-term appreciation.
Recent Capital Upgrades: Significant recent improvements, including a new concrete driveway, expanded parking area, and a new perimeter fence, reduce immediate maintenance and capital expenditure for a new owner.
Tenant-Responsible Utilities (Partial): Units are separately metered for gas and electricity, shifting a substantial portion of utility costs to tenants and thereby optimizing the owner's net operating income.
Generous Lot Size & Parking: A large 15,000 sq ft lot provides ample outdoor space and potential for future value-add opportunities, complemented by dedicated detached carports and additional driveway parking for tenants.

Cons

Owner-Paid Utilities: The owner is responsible for water and trash expenses, which can represent a significant ongoing operational cost and reduce the overall net operating income compared to properties with fully tenant-paid utilities.
Aging Infrastructure Potential: Built in 1965, the property's age suggests potential for future capital expenditures on major systems such as plumbing, electrical, or roofing, which may not have been fully addressed by recent cosmetic upgrades.
Inconsistent Unit Modernization: The description notes 'some units include updated interiors,' implying that not all units have been modernized, which could lead to varied tenant appeal, rental income, and future renovation costs to achieve uniformity and maximize potential.

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